News about properties and real estate
Escrow Bomb ticking in S. Florida You’d be smart to keep a close eye on that escrow account attached to your mortgage. There’s a good chance many Florida property owners won’t have enough money squirreled away this year. Escrow is money held for future obligations. Every month most homeowners pay principal and interest due on …
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Developer makes the old new What embattled entrepreneur and race car driver Eric Schwartz said he enjoyed most about the restaurant business were the openings, especially designing, refurbishing and decorating a new restaurant. He didn’t like the chronic financial struggle to stay in business in a highly competitive industry. Schwartz, 49, who founded Upstairs Downstairs …
How to buy … investment real estate Investing in real estate most likely won’t produce the get-rich-quick results promised by many a late-night infomercial. But for investors willing to do some homework, make a good purchase and properly manage a piece of property, the rewards can be substantial. Various strategies can be used on the …
Harlem Staging Its Latest Renaissance “Harlem has finally been recognized as being in Manhattan,” the chairman of global brokerage at CB Richard Ellis, Stephen Siegel, said. “It is a wonderful land for opportunity from a location, transportation, and developable site perspective.” “Harlem has arrived. Almost every storefront is full, crime is way down, and the …
Continue reading “Harlem Staging Its Latest Renaissance – September 14, 2006 – The New York Sun”
Florida’s oversupply of condo-hotels could spell big trouble Florida leads the nation in the number of condominium-hotel rooms in the pipeline, but analysts fear an oversupply could prove troubling for developers and consumers. The Sunshine State has more than 31,500 condo-hotel rooms under development, according to Smith Travel Research of Hendersonville, Tenn. Nevada is second …
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The housing boom is over, but creative investors still make profits Vicky Kaye is accustomed to making a double-digit annual return in the real estate market. And unlike many other area real estate investors, she’s still doing so. “I do about two or three deals a year,” said Kaye, a licensed massage therapist who lives …
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